Nomad Capitalist Live

035: Kathleen Peddicord, Having an Abundance Mindset, Paying Less Taxes

Released: Jan 13, 2016

On last week's podcast, Andrew talked about practicing the law of abundance. He recently wrote a blog post titled “10 ways to use the Law of Abundance with Flag Theory”, hoping to help others live a life of abundance and not a life of scarcity. Today's guest is Kathleen Peddicord, the founder of Live and Invest Overseas. She shares her story with us and talks about why she moved from Paris to Panama City.

Key Takeaways:

Andrew's Editorial:

[2:00] How can you practice an abundance mindset in your life?

[6:00] Running from the Boogeyman is not going to solve your problems.

[10:00] Negativity is not the solution.

Interview:

[11:55] How did Kathleen's journey begin?

[16:15] What was the big 'ah-ha' moment for Kathleen?

[18:00] How long did it take Kathleen to start her business overseas?

[25:55] Panama vs Paris.

[28:45] Kathleen found Ireland frustrating.

[31:35] Starting a business today? Then go to Panama.

[36:25] Panama is influenced by the US.

[40:35] You need to accept a foreign country for what it is.

[42:25] How has moving helped Kathleen's marriage?

The Lightning Round:

[47:15] One business – book store.

[48:20] One country – France.

[49:30] One book – The War of Art by Steven Pressfield.

[50:40] One tool – Skype.

Listener Question:

[53:30] Andrew will be doing one-on-one consultations in February.

[53:55] Tony wants to pay less tax, but he can't leave the US. Is Puerto Rico an option?

[56:15] Andrew goes over Puerto Rico's residency requirements.

[58:40] You need a US tax lawyer.

[59:20] Andrew's advice? Go to another country and create a plan B for yourself.